Futures and options traders work on the floor of the NYSE American at the New York Stock Exchange on October 27, 2025 in New York City, USA.
Brendan McDiarmid | Reuters
After a big rally earlier in the week, stock futures were little changed Monday evening.
Major market catalysts are on the horizon this week, including Big Tech earnings, the Federal Reserve’s interest rate decisions, and a potential China trade deal.
Futures linked to the Dow Jones Industrial Average Approximately 15 points added. S&P futures It was basically flat, but Nasdaq 100 futures It increased by 0.1%.
Investors during Monday’s trading welcomed a cooling in tensions between the United States and China ahead of Thursday’s much-anticipated meeting between President Donald Trump and Chinese President Xi Jinping. The two countries agreed on a framework for a potential trade deal that would address China’s rare earth mineral limits, soybean purchases and TikTok.
Last session, the S&P 500 closed above the 6,800 level for the first time in history, with a high proportion of tech stocks. Nasdaq Composite The Dow Jones Industrial Average also closed at a record high. The small-cap benchmark Russell 2000 also ended at a new all-time high.
Tuesday marks the start of a two-day Federal Reserve meeting, where the central bank is expected to cut interest rates for the second time this year. Traders are also concerned about a weakening labor market and are hoping for a signal from Fed Chairman Jerome Powell on Wednesday that he will cut rates again at his final meeting of the year in December. The Federal Reserve is dealing with an economic data blackout as the U.S. government shutdown continues.
Investors are also keeping an eye on a slew of earnings reports scheduled for Wednesday and Thursday from multiple “Magnificent Seven” stocks, including Alphabet, Amazon, Apple, Metaplatforms and Microsoft. Together, these stocks account for about a quarter of the total stock value of the S&P 500. So far, Q3 earnings season is off to a strong start.
“Buying pressure was supported by another strong earnings report, signs of easing inflation pressures, solid expectations for rate cuts, and confirmation of a Trump-Xi meeting later this week,” Adam Turnquist, chief technical strategist at LPL Financial, said in a note. “This week, the 30 companies participating in NDX will announce their financial results, so the focus will be on their fundamental strength.”
new core and cadence design system It was one of the few stocks that rose in after-hours trading following the results. Amazon The company announced Tuesday that it will begin cutting jobs, representing the largest layoff in the company’s history and adding to the mass layoffs seen in the tech industry this year, CNBC reported.
